I'm not certain, but it appears to me the company is taking off again. I can't find amy evidence they were producing till last year. Please note, I've not read the filings in detail at this point.
However, if they have been languishing in political wrangling over money they may not have been able to claim income till recently. Not sure.
DQTail welcome to Caledonia Mining Corporation (CALVF :-)
thank you, your opinion is appreciated .... :-) & a board mark .... :-) thanks in advance .... :-)
dd..fyi. CALVF..NO DEBT...low cost production GOLD @ $521.-/oz last quarter....
Caledonia Mining gold output surges by 102% in 2011 -
Monday, April 2nd 02:32 PM IST # Caledonia Mining # gold # bullion # mining # precious metal
Caledonia Mining Corporation - (CALVF)(LON:CMCL)(TSE:CAL) an African focused mining and exploration company, has announced that its Gold production at the Blanket mine in Zimbabwe more than doubled in 2011.
The company's production increased in each of the last seven quarters and in the fourth quarter alone, 10,533 ounces of the precious metal were produced, exceeding the firm's quarterly production target of 10,000 ounces. The total gold production in the year increased by 102 per cent to 35,826 ounces.
Net profit after tax for the year came in at C$12.1 million on turnover of C$55.7 million compared to C$22.4 million in 2010.
Cash and cash equivalents as at year-end stood at C$9.7 compared to C$1.14 mln at December 31, 2010.
Highlights of the period included a five hold drill programme at the wholly-owned Nama copper/cobalt property in northern Zambia, which identified a new mineralised zone.
A large enough shallow resource could provide a future open-pit operation and further exploration has now begun consisting of 8,400 metres drilling.
Chinese and Russian central banks, Arab royals, Asian billionaires, Indian farmers, tin pot “stackers” and others stay focused on “squirreling away” physical metal - & FED - http://doreenellenbelldotan.info/AdolfRothschildHitler.htm
- against the PEOPLE slaves - working very hard for paper fiats -
E.g., about hyperinflation in Germany - a wheelbarrow of money required to buy a loaf of bread - People filling up their wood stoves with paper fiat-currencies -
Celtic Thunder Heritage - Caledonia Heartland -
Caledonia Mining - a low cost African gold producer -
Golden Au Investors welcome to Caledonia Mining Corporation -(CALVF :-) good to see you Gold King Solomon @ CALVF :-)
Well, I agree, looks very interesting, thanks to Falconbridge Gold Mining and Kinross Gold Mining - for many years invested more and more - than US$100 million of old good dollars -
Before CALEDONIA MINING CORPORATION - CALVF - bought BLANKET GOLD MINES all outright and increased the operation performance to the highest gold production and low cost of $583.-/oz in the last quarter report -
Please, look that infrastructure intact in excellent shape -
with more than 1000 happy high performance mine workers -
history often repeat itself - Queen Sheba - GOLD -
Celtic Woman - Caledonia Queen -
btw..fyi.. CALVF has got very good earnings and has NO DEBT but very valuable hard treasure assets -
please, listen to CALVF CEO on the recent video below; your opinion is appreciated ....
Caledonia Mining - a low cost African gold producer -
Stefan Hayden, President & CEO of Caledonia Mining, talks about a highly profitable gold producer in Zimbabwe, growing production and reducing costs, not needing additional capital to fund indigenisation or make investments, positioned to take advantage of growth opportunities in Zimbabwe, and an exciting copper project in Zambia (March 2012)
Caledonia Mining Corporation (CALVF) Earnings GO HIGHER GEAR -
Caledonia Nama Limited, a wholly owned subsidiary of Caledonia, holds four contiguous Large Scale Mining Licences, which cover approximately 800 square kilometres on the northern extension of the Zambian Copperbelt.
If you look at total history on charts there are a few "total years" that this company traded for 8 bucks a share. I don't mean hit it and fell, they were trading what looked like for 2 year stints.
It is my opinion that fundamentals always win out eventually. Some companies go unnoticed for a while though.(also as mentioned before past Geo-Political problems) This is why I said that I do not expect things here to happen over-night. Looking at the company as a whole I do though expect huge gains will happen.